Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
Additional income offered on account of excess stock during the course of survey - business income of the assessee OR income from other sources liable to be taxed at a higher rate prescribed u/s 115BBE - The Tribunal held that, The ITAT dismissed the Revenue's appeal, confirming that the additional income from excess stock declared during the survey constitutes business income, not subject to the provisions of section 115BBE. This decision underscores the principle that income from regular business operations, even if not previously disclosed, should be taxed as business income rather than at the higher rates applicable to undisclosed sources.
Additional income offered on account of excess stock during the course of survey - business income of the assessee OR income from other sources liable to be taxed at a higher rate prescribed u/s 115BBE - The Tribunal held that, The ITAT dismissed the Revenue's appeal, confirming that the additional income from excess stock declared during the survey constitutes business income, not subject to the provisions of section 115BBE. This decision underscores the principle that income from regular business operations, even if not previously disclosed, should be taxed as business income rather than at the higher rates applicable to undisclosed sources.
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